Key Resistance: 20.25 Key Support: 20.17 – 20.15 The USDMXN rejected last week’s highs on Friday printing a lower high before crashing to last week’s lows on Powell’s very Dovish speech at the end of the Jackson Hole symposium. This created a big double top with the neck line right at last week’s lows. This […]
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Key Resistance Zones: 14000, 14100, 14200Key Support Zones: 13400, 13300, 13200 NASDAQ 100 (NAS100) Long-term Trend: BullishNAS100 price has broken above the resistance at level 15200. The index is trading and approaching the overbought region. Further upside is unlikely. Meanwhile; on August 25 uptrend a retraced candle body tested the 78.6% Fibonacci retracement level. The […]
Read moreKey HighlightsEthereum fluctuates between levels $3,140 and $3,285Ether targets levels $3,509.66 Ethereum ETH) Current StatisticsThe current price: $3,245.41Market Capitalization: $380,841,599,323Trading Volume: $13,152,593,752Major supply zones: $3,000, $3,500, $4,000Major demand zones: $2,500, $2,000, $1,500 Ethereum (ETH) Price Analysis August 29, 2021 Ethereum (ETH) bulls are presently battling to break the resistance at $3,285. The resistance level has […]
Read moreCuba has announced that it plans on recognizing and regulating cryptos like Bitcoin (BTC) for payments. The government of the Caribbean nation revealed its intentions via Resolution 215 published on Thursday. The resolution stated that the Central Bank of Cuba would draft rules and regulations for the industry. The resolution also noted that financial institutions […]
Read moreMonero (XMR) Price Analysis: August 29 When the bulls prevail over the bears and were able to break up the resistance level of $322, it may expose the price to the resistance levels of $361 and $401. The breakdown of the support level of $281 may decrease the price down to the support levels of […]
Read moreFollowing remarks by US Federal Reserve Chair Jerome Powell, the US dollar fell substantially on Friday. Powell stated in July at the Jackson Hole Symposium that policymakers thought it could be appropriate to begin tapering this year, citing progress in employment but also the troubling spread of the Delta variation. He stated, “We will be […]
Read moreXAGUSD Price Analysis – August 23 After plunging to lows of $22.87 at the beginning of the prior week, XAGUSD pulled off stunning comebacks to close at $24.02. In a risk-off environment, the US dollar has softened, pushing silver to an extended region. Coupled with significant macroeconomic data releases from the US, the latest COVID […]
Read moreThe President of Belarus, Alexander Lukashenko, has charged Belarusians to mine cryptocurrency with the available electricity surplus. President Lukashenko made the statement during a recent meeting with the state-owned company JSC Belaruskali, one of the world’s leading producers of potash fertilizers. The President noted that Belarusians are unwanted abroad, except for farming jobs. In a […]
Read moreKey Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in an upward move. The index has reached a high of $68.25. The index price has broken the 21-day SMA and it is approaching the 50-day SMA. A break above the moving averages will propel the index to reach the […]
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